CUNA Says 40000 New Members Joined Credit Unions on Bank Transfer Day

CUNA says 40000 new members joined credit unions on Bank Transfer Day, about 24 times the normal rate.

cuna CUNA Says 40000 New Members Joined Credit Unions on Bank Transfer Day

CUNA says 40000 New Members Joined Credit Unions on Bank Transfer Day

CUNA says 40000 new members joined credit unions on Bank Transfer Day on November 5, making the call to action a resounding success. It is further proof that Americans are sick and tired of dealing with big banks and the brotherhood on Wall Street. Here’s an excerpt from the press release:

Credit unions brought in 40,000 in new members, and added $80 million in new savings account funds, on last Saturday’s Bank Transfer Day, capping a month that resulted in nearly 700,000 new credit union members joining the movement.

A Credit Union National Association (CUNA) survey of 1,100 credit unions found that around 80% of larger credit unions said they signed up new members on Bank Transfer Day, and many credit unions opened on Saturday, or extended their usual Saturday hours, to deal with the rush of new members. Credit unions surveyed said they made $90 million in new loans on Saturday.

If you don’t believe there is strength in numbers, just take a look at the success Bank Transfer Day was. The motto of The Hinterland Gazette is “you have the power to change the world!” We believe in that and want each of our readers to believe that and go out and change the world in their respective locales. If you don’t voice your position and vote, you can’t effect change. So, remember, “you have the power to change the world!”

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 CUNA Says 40000 New Members Joined Credit Unions on Bank Transfer Day
Janet Shan is a freelance journalist and managing editor of the Hinterland Gazette, who is working on her first novel, a mystery based in the hills on Montego Bay.